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, how big and whether it has arrived on the coast in just a few minutes here. and we'll keep you posted. >> we all remember what happened back on march 11th, it was the earthquake and then the tsunami that damaged so much of japan and the nuclear power plant. it was evacuated for a time earlier. we're hearing now the workers had been let back in. do you have information on that? >> that's the thing. we've had these 7.0s where we have the big scare. a lot of folks not knowing when you feel the earthquake, you really aren't sure if it's a 7.0, is it an 8.0? the folks in and around the plant will take the precautions and evacuate. if we're getting word they're letting them back in, i think we are looking pretty good here along the coast. >> ivan, stay on top of that for us. as he was speaking, we did see video coming from nhk there in japan. we want to go now to dale grant with the usgs. he joins us now from golden, california tonight. listen, sir, as we look at this video and you see the shaking there and you heard our ivan cabrera saying this is an aftershock from the march 11th quake, t
, the long-term deal that could take a big bite out of the deficit. >>> two big head lines, the casualties keep coming and the scope keeps widening. rebekah brooks arrested. the woman once headed up his british papers, she's out on bail. headline two, the head of scotland yard resigns. sir paul stevenson is quitting over criticism how he handled the saga. >> as commissioner i carry ultimate responsibility for the position we find ourselves in. with hindsight i wish we had sunlged matters involve this affair differently. i didn't and that's that. >>> brace for an explosive few days ahead. ra beck that brooks, rupert murdock and his son are scheduled to be questioned by british lawmakers tuesday. >>> 15 seconds of news from canada. classic rockers chief trick got a scare as their stage collapsed at the ottawa blues fest. the stage blew over in severe weather. that's where we snagged these pictures. check out the stage before. and after. it's barely recognizable. good news, no serious injuries. >>> you hear the words grope and airport and junk-touching security checkpoint horror stories pop t
11th quake. this is a big hit even though. >> yes. this actually is one -- well, it is the largest aftershock since the 9.0, and there were a few 7.0s at that time, but since that time, this is the biggest quake that has occurred in the aftershock zone. it has been felt all of the way north in aomori to south of tokyo and it is widely felt. >> so, listen, you are in golden, colorado, tonight, and as we watch the possibility of a tsunami, there was a warning there, and we saw what happened when on march 11th, when there was an earthquake and all of the sudden, this wall of water slams into the coast of japan and took out so much, so many cities there. when might we know if or the possibility of something happening from this not that severe, but when might we know something? >> actually, since tsunamis travel at 450 miles an hour, if one would have occurred, it would have already been known by now. >> okay. so, as we look at this though, and all of the buildings there that are really still damaged and all of the infrastructure, what kind of problem does this pose for the people of ja
something big. we have a chance to stabilize america's finances for a decade, for 15 years or 20 years. if we're willing to seize the moment. what that would require would be some shared sacrifice and a balanced approach that says we're going to make significant cuts in domestic spending. and i have already said i'm willing to take down domestic spending to the lowest percentage of our overall economy since dwight eisenhower. it also requires cuts in defense spending. and i've said that in addition to the $400 billion that we've already cut from defense spending we're willing to look for hundreds of billions more. it would require us taking on health care spending. and that includes looking at medicare and finding ways that we can stabilize the system so that it is available not just for this generation but for future generations. and it would require revenues. it would require, even as we're asking the person who needs a student loan or the senior citizen or, you know, people -- veterans who are trying to get by on a disability check, even as we're trying to make sure that all those p
with breaking news tonight. we're starting with two big news stories. the first one, a roadblock tonight in negotiations over the nation's debt. the president and the house speaker both making statements in just the past hour. we're going to tell you what they said. also an earthquake, a powerful one has hit japan. a tsunami warning has been issued and that's where we're going to start right now. the japanese coast that has just hit the hardest by the earthquake earlier this year is under a tsunami warning at this hour. it is a magnitude 67 quake. it struck off the coast just about an hour ago felt as far as away as tokyo. we're going to join to our meet yolgs vimpb ca brar. is this an aftershock? >> absolutely. it's a 7.0. this is an automatic thing that they do here in japan. when you get a 7.0, approximately 100 miles east of the coast, it was strong enough or it could trigger an earthquake in the united states. we think of it assay you have a tornado warning as a result of a doppler indicated cell. we don't know if the tornado is on the ground. same thing here. we don't know if a tsu
house correspondent, and from cnn money. go big or go home. what is the republican push back? >> reporter: we're going to be finding out very shortly because house speaker john boehner will take to the cameras at 1:30 eastern essentially in the rebuttal to the news conference from the president earlier today. but the push back for republicans has been tax increases. you have republicans who have insisted on no tax increases, and democrats that insisted if there will be spending cuts, to achieve trillions of dollars in deficit savings. they don't want to abandon -- if there are going to be cuts to programs that are huge, they want to be able to say we pushed for sacrifices from wealthy americans and corporations. they are trying to strike kind of a just right agreement. because on one hand, you have a lot of republicans, and many of them who were swept into power in the last election saying we're going to cut spending and make government smaller, so the idea of tax increases, and certainly this is something a lot of them literally pledged they will not do, randi, it would forc
proceeding all through making headlines for wrong reasons but making big headlines nonetheless. >> we are following awe tlel' more on the nfl next week. mark, thanks. >>> the numbers are out. not the poll numbers and not the dow industrial. we are talking about the big number of bucks your presidential candidates are raising to win the white house. jim acosta, who has got the biggest bank? >> reporter: sometimes he's are the numbers that count, kyra, this morning. it looks like at this point, the person who has got the biggest bank right now is mitt romney. we haven't gotten any official totals in right now. yesterday his campaign did confirm that he is expected to bring in between $15 million and $20 million in the first quarter of fund-raising this year. not as much as he raised for the 2008 campaign but, still, way ahead of the rest of the pack. jon huntsman, we can mention, he also has a pretty big fund-raising hall for a guy that not a lot of people know about. $4 million. we should mention half of that, though, is money he kicked in himself. he is part of a very wealthy family t
in my book, they are too big, too corrupt, too destructive, too powerful. here in the u.s., there are basically five media companies that own almost all media. and in the uk, it's no different. rupert murdoch and his company simply had too much power. that's why we're seeing high ranking people, even prime ministers, even the head of scotland yard, tied up with this. they had so much power, they had to be kowtowed too. >> lisa bloom, we appreciate that. thank you very much. >> thank you. >>> this scandal is reaching deep now into rupert murdoch's inner circle, and you can be sure that the man at the top is feeling the pressure. murdoch has ads running in seven british papers through monday saying, quote, we are sorry for the phone hacking scandal at the "news of the world." the popular tabloid he just shut down. and here's what he said in his own words. the scandal is widening to another murdoch paper, "the sunday times," and now even the fbi is opening an investigation. the allegations, hacking the personal phones of public figures, and the not so public, from murder vi
but not detailed in legislation and has a big, big dollar figure around it. so, sort of the big plan. passing that along with a debt ceiling as sort of a big theory option instead of this mcconnell/reid plan, but it's so vague, as you can tell, and nothing that i have as any sort of firm plan, just, like, something that's sort of out there in the ether, they just don't have a plan at this point, no one does, john. >> it sounds like, and some people at home are saying, my god, there they go into washington speak again. i'll try to simply phi it. they are trying to fit certain pieces together to get you to several trillion in deficit reduction and that seems to be where we are, a bunch ideas. i'll go over to the wall a little bit, because jess talks about the mcconnell plan, that would give the president the authority to raise the debt ceiling and maybe they would come up with a commission with spending cuts. that's one backup plan. another backup plan is the gang of six. and i want to bring up the gang of six yesterday we talked about that. they have some significant spending cuts. they includ
minutes that window was big enough and right in time for the shuttle to take off today. >> chad, same kind of rules apply, weather standards for the landing that's coming in 12 days? >> a little bit even -- i would say a little bit more conditional on the rain factor because it's a bigger circle. right now all we had to do was shoot this thing straight up. when we land this thing it has to be very dry. you can't have showers around it. think of a dry day in florida in the summertime. you have to go up edwards, one time to white sands but you cannot fly the shuttle because it's screaming hot. thousands of degrees, you can't bly that through a rain shower. the criteria more tense, harder to get through to land this thing back here at kennedy, but they have a big time -- they're going to have a big-time party when this thing finally does come back here. >> chad myers, appreciate that breakdown. good to see you, as always. thanks to our john zarrella. eight minutes past the hour. >>> sound effect is the u.s. labor market sputtering to a virtual standstill. as you know by now, the economy added
: it is a huge moment for u.s. women's soccer. can they beat back france today? that is the big question. you know what? so many people around the world, as well as people watching them in germany, are actually rooting and cheering for the u.s. they are the favorites to win the world cup. i mean, they just had an incredible performance. you know? here you see them practicing. they had this incredible match against brazil and in the last minute, they scored a goal and then ended up winning on penalty shoot-outs. everyone is still buzzing about how i credible it was. so the question is can they pull it off today? and what many people are saying is that they have got the fitness, they have got the never say die attitude and they hope that they can manage it today. you know, they are very fit and the french have to work their da derrieres off today. >> i think they all will be working their derrieres off. what do you think? you've been watching this closely. >> you've got germany out. that was a huge team and the favorites to win the competition in germany. they got booted out. the brazilians, a
on that in just a moment. i wish i could say there's big news about the debt ceiling talks. i can't tell you that. there's more drama than dealing going on in d.c. right now. a fifth round of talks is set for today. but yesterday didn't go so well. house republicans called for a short-term extension and house majority leader eric cantor says this is what the president said in response. quote, don't call my bluff, eric. and then he walked out a few minutes later. president obama said all along he'd veto any short-term measure. ed administration says failure to raise the $14.3 trillion debt ceiling by august 2nd could trigger a partial default on the part of the united states. thanks to that debt ceiling issue and the possibility of default you're on notice. i'm on notice. everyone from maine to san diego is on in. moody's investor services, the debt rating agency plans to review the nation's aaa bond rating and might downgrade it from stable to negative. standard & poors has the u.s. bond rating under review. let's talk about foreclosures for a second. realty track, the company that tracks the for
, and then has gone on to be a huge hit? >> yes. i think although "evita" had been a big hit in london "evita" here had bad reviews. the mood changed. funny enough, i think that's an intriguing one because in the late '70s america was a little bit in denial about talking about anything political. i mean, you remember the time, after vietnam, and i remember writing the early days of the "evita" run we hit the -- at the same time of the russian invasion of afghanistan, which i don't think anybody really completely understood what was going on. for give me for talking about afghanistan. i've gone off on a tangent. >> another time. >> suddenly people started talking about politics again. they said, maybe paralleled with what we were trying to say there was an interesting subject. >> how much have the critics gotten to you over the years? >> i don't really care very much if i don't think the critics really understand music. >> somebody that you respect, what is the most hurtful kind of thing they could say that would really get to you? >> i guess somebody who i did respect as a musician said that
the cia gets caught up in this big debate about how to interrogate what to do. >> they say it's tough. anytime they operate outside of iraq and afghanistan in battlefields it becomes murkier. they say they're faced with the question of can he go back to the u.s. and be tried? that has to go through several agencies. can he have a third-party that take him when neither of the two are available, they would be forced to let someone go. >> the obama administration's treatment of the somali terrorist suspect isn't sitting well with lawmakers on capitol hill. among them lindsey graham of south carolina. >> we learned this morning that a gentleman was taken into custody, kept on a u.s. ship and he's now in custody. >> the last thing i'm worried about is prosecuting enemy fighters. i want to find out what they know about the enemy, what intelligence value do they have to the united states. having people on ships has never been used in warfare before in terms of prisons. he should have been sent to guantanamo bay and held as an enemy combatant and interrogated. >> the administration would make
time. sonja "black widow" thomas won with 40 dogs. i'm a big hot dog lover and can't imagine that. how many do you think you could eat? if you're hungry and like them. they're not the biggest. >> personally, i have had three. >> i can do better than three. >> really? >> i was thinking six or seven. >>> coming up, a grizzly discovery in an indiana creek. police waiting to see if it sheds light on the disappearance of a college coed. >>> also, a civil war reenactors in a battle with mother nature. why they got the shock of their life. >>> wowing the crowds in canada, what the royal couple is up to today. chronologically i'm sixty years old. is it the new forty, i don't know. i probably feel about thirty. how is it that we don't act our age? [ marcie ] you keep us young. [ kurt ] we were having too much fun we weren't thinking about a will at that time. we have responsibilities to the kids and ourselves. we're the vargos and we created our wills on legalzoom. finally. [ laughter ] [ shapiro ] we created legalzoom to help you take care of the ones you love. go to legalzoom.com today and co
to a pretty healthy open. it's in the shadow of the big jobs number out tomorrow. >> indeed. we'll have to see what difference this makes. now, in the u.k., an enormous story, really, that is shaking the government in some ways. certainly putting the prime minister under pressure in parliament. police are theying there will be a full investigation into new hacking allegations, into "the news of the world." it's a sunday newspaper. advertisers are turning their backs on the u.k.'s most popular sunday read. the tabloid stands accused of hacking into the phones of a missing schoolgirl that was later found dead. as well as relatives of the 2005 london bombings six years ago. and the families of soldiers killed in iraq and afghanistan. revelations have made waves across the u.k. and even led to a debate in parliament. and definitely in that debate, i think it's fair to say that the prime minister at times looked very much to be on the back foot. >> he seemed to be. very close with the former editor of "the news of the world." shareholders also getting out of the paper's parent company, which is new
general of ohio. there he was a credit of big banks in general and mass foreclosures, and he had a winning streak on a game show. what is the consumer financial protection bureau? it aims to put a stop to predatory lending. it will keep an eye on credit card fees and student loans and keep an ear on consumer complaints. because a whole lot of centers don't like the bureau, the confirmation could be, dare i say, in jeopardy. dan, tell us first why this nomination is not going to elizabeth warren? >> reporter: well, certainly the white house saw her as somebody that could set up the agency and had hoped that she was the person who could potentially lead the agency, but as you pointed out this was somebody who was controversial and ran up against conservatives that would not support her nomination. and one official telling me republicans in congress made clear that they don't support the agency, and they would block all efforts to confirm elizabeth warren as the permanent director. while she was somebody that essentially invented this agency, got it up and going, and brought core dre onboard
. it unfortunately happened in this situation, in this place, we're never hoping for a big, destructive system, but when there's the possibility of it bringing some heavy rainfall to places that desperately need it, you want it to happen. in this case, it did not. however, there is the possibility that we may see some development of a different system out in the atlantic. we're going to watch it. it's still days away from affecting anyone at all, and it may not happen at all, but we're still going to watch it for you very carefully. another thing we're watching that is dangerous potentially is the heat. the heat is still relentless across parts of the central plains and back in the midwest. also the northern half of the map, western great lakes, upper midwest, there is going to be a chance that we have some severe storms developing later in the day. severe thunderstorms, deadly lightning a possibility, large hail, maybe even some tornadoes late in the afternoon hours, perhaps even into the early evening. but heat is going to be the major thing that's going to be dangerous for people today. dal
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's a big question. they clearly can't have an opening in the treasury secretary's post right now. so it would leave the white house and the administration in a lurch if he were to, you know, really plan an exit without a clear succession plan. but treasury secretary geithner is clearly exhausted. >> but that is exactly why it stee seems to me so odd. it sounds like what people are expecting out of this white house when it comes to economics these days, so maybe it's just par for the course. jeff, does it strike you as just kind of bad politics, bad timing? what's your take on this? >> i don't think anyone in the world cares much who's the treasury secretary. people care that the economy is not recovering, and he is the leading representative of it other than the president himself. things were getting better in may. they stopped getting better. this is a problem in substance, and it's a problem politically. shuffling around the boxes doesn't matter, but the lack of a sense that anything is getting better or there's a plan to get things better is a big, big problem. >> jeff, there's ab
the band-aid. eat our peas. >> reporter: of course, taxes remains the big sticking point. the president, though, insisting that nothing would change before 2013 so it would not happen during a difficult economic environment, but house speaker john boehner saying that there's no reason to raise taxes in order to control spending. he believes the best way to get revenue is by improving the overall economy by creating jobs. he says he is willing to get a deal done with democrats and the white house, but, in his words, it takes two to tango and they are not there yet. >> dan lothian at the white house, thanks. >>> the debt crisis overseas sending a chill through wall street this morning. less than half hour before the opening bell, u.s. stocks may be headed for another rough day. ali velshi is joining us live from new york. ali, what does it mean? >> well, you know, first of all, futures seem to be leveling out a little bit, kyra. a couple of things going on here. one as dan was just saying, we just heard from the treasury secretary who is making a speech and he says he is expecting a deal
. they do, however, believe she's no longer in central florida. when she left the jail, you saw the big crowds there. there were people yelling "killer" in that crowd as she got into the suv and left. there is a great deal of emotion still unresolved around this case. we saw a lot of people getting together who were doing something peaceful with those emotions over the weekend. they went to the site where caylee anthony's body was discovered and held a march from that site to the anthony home. all to remember the child whose death started all of this. it was a very solemn occasion. a lot of people walking in the street. at one point it was reported there were cars lined up on the road about a half mile long of people just parking on the roadside going into those woods where her body was discovered to go to that spot and remember that little girl. again, a great deal of emotion. people trying to process all of this on their own. but casey anthony at the moment is still staying out of the public eye even though she has a lot of legal entanglements she will still have to address in the mon
the baby is not breathing on his own. we'll keep a close eye on baby jamichael, a big kid. that's it for me on "wake-up call." "american morning" begins right now. >> good morning to you. i'm kiran chetry. a lot going on. let's get you caught up. the end of the line for the "news of the world." the british tabloid shutting down after sunday's edition after new reports that the paper reportedly tried to hack the phones of 9/11 victims. >>> a deal to raise america's debt ceiling still out of reach. talks continue today with the president warning we have ten days left to get an agreement or risk default on this "american morning." >>> and good monday morning to you. start of another week here on "american morning." it is july 11th. nice to see you back. >> great to see you. >> the shuttle went off on the first try. >> i couldn't believe it. we were all thinking the weather was horrible but it went off. can't get the three of us together a whole lot. christine is off. >> summer vacation. >> no deal on raising the debt ceiling. last night talks at the white house fizzled out. preside
and we did receive a report of one fatality. >> pamela, christine here, how big is the area the researchers are searching and what are they dealing with in terms of conditions and weather there? >> the coast guard hasn't left yet. we're waiting for the sun to come up before we conduct a search. when we do, we will conduct a thorough and exhaustive search of the area, we cover hundreds of square miles of water and we'll be doing that as soon as the sun comes up. >> do we know any -- any sense of this vessel, you told us 100 foot fishing vessel, is its weather that caused it to capsize? >> yes, ali. we received a report that they had hit some rough weather on sunday morning and the boat had capsized and sank almost immediately. the vessel was close enough to shore where some people were actually able it to swim to shore and they had to notify authorities when they got on land. >> petty office ser pamela bailen, we'll check in with you later. >>> former serb commander ratko mladic kicked out of court this morning. the judge removing mladic from the chambers after multiple disru
:00 this afternoon. as i said, the leadership has been asked to come back with special fix. the big question today is, will they be looking at that medium-sized deal and will they have enough details to get something done? there is not a lot of certainty that they can cut that big deal. the president has said he cannot cut a short-term deal. they have to have a deal. there is a lot of uncertainty right now. it is all very unstable, very much up in the air. everybody is playing for their negotiating position right now. the president is using the leverage he has to keep up as much pressure as he can. >> jessica, i am sure you will be answering that question from that. >> john king is here. it is interesting. the president is going to be in the briefing room. he is out of the east room where there would be a dramatic announcement. this is just sort of a surprise in the middle of these tough negotiations. he has decided to go public to try to put pressure on us. >> i am not surprised. i find it interesting that before they go pack back to mee 2:00 in the afternoon, he is coming out of here to talk about
on the american forces network. thank you for being here and what you do. >>> it will be a big day in the casey anthony murder trial. closing arguments in that murder trial is just a few hours away. court is scheduled to start at 9:00 a.m. eastern time. casey anthony, as you know, accused of murdering her 2-year-old daughter caylee yesterday. there was a vigil for caylee near the spot where her body was found. the case expected to go to the jury after closing arguments. this all began in late may. casey anthony facing seven charges, including capital murder. that means she could face the death penalty if she's found guilty. the defense and prosecution both wrapped up their cases last week. casey anthony decided not to testify in her own defense. more on that throughout the morning. >>> also, a jailhouse phone call is raising more questions about the accuser in the dominique strauss-kahn sexual assault case. the former chief of the international monetary fund was released from house arrest on friday. mr. strauss-kahn is accused of sexually assaulting a hotel maid and last week prosecutors said t
doesn't matter. a lost season is a big deal. >>> tight lipped about any emergency surgery and now an admission from venezuelan president hugo chavez. in a televised appearance yesterday, chavez says that doctors in cuba operated on him to remove a cancerous tumor in june. there's no word yet on when he will return to venezuela but speculation surrounded his health after he canceled a high-profile summit of latin american leaders slated for this month. >>> in japan the government is recommending more evacuations from the area around the fukushima daiichi nuclear power plant. officials say 113 additional households should evacuate from four districts now considered radiation hot spots. that's far beyond the mandatory exclusion zone set up for 20 kilometers around the fukushima reactors. >>> on the run since 2005, and on the 15 most wanted fugitive list since june, alleged drug kingpin keith hasson arrested in los angeles yesterday. he's suspected of masterminding a nationwide cocaine and marijuana ring which raked in more than $20 million. he's also wanted on an open indictment in n
this. every two years we jockey for the next election. we never make long, hard term decisions. the big deal they're talking about cutting spending over the next ten years still adds $6 trillion to the debt so the real deal to limit spending and get us in balance would be an amendment to our constitution. without that, we're just going to talk to each other and run america into the ground. >> let me ask you about the so-called mcconnell/reid plan, which is not, as i understand it, completely put together yet. but it would allow the president to to raise the debt ceiling in three increments between now and the end of next year, perhaps with some spending cuts attached. as a last resort, would you vote for that in order to avoid the -- >> i'm sticking with the -- i don't have any confidence that anything that republican or democratic leaders is going to lead to the solutions that we need. it never has in the past. i'm looking for a win/win. i'm looking for a way to raise the debt ceiling and we need to, but we need to address fundamentally what got us into debt. cut, cap, and balance gets
and those three-month lows for the euro so pretty bleak picture. >>> at the united states a big sell-off on wall street. major averages tumbled, major worries. financial and technology shares were among the biggest losers on monday, bank of america, citigroup, jpmorgan chase and wells fargo all closed roughly 3.5 to 5.5% lower, so really this is touching off fears of a broader financial crisis and don't let's forget the whole situation of the biggest slowdown in the world economy since the 1930s started with the financial crisis and now the worry is with he might go there again. at the close of the play there were triple digit losses for the dow, nasdaq, each closed roughly 2%. painful, pauline. >> let's look at the stock market futures and trading session in the u.s., it's right across the board as well, here's where the u.s. futures stand in premarket action the dow poised to open down by almost 1%, about the same amount for the nasdaq. the nasdaq ended monday's session down 2%, so that's not good news there. also the s&p 500 poised to start the session on tuesday down by 1.25%. we
investigation. politicians have been too close to media onus. these are big proximate but we're a big country and we'll solve it. >> reporter: now, the main issue he's going to have to teal with is why he decided to hire andy colson who was later arrested as part of the investigation into the phone hacking. this is something that was brought up yesterday in the hearings and it turns out that his chief of staff actually warned the british police not to brief the prime minister on these phone hacking issues. lawmakers today are clearly going to try to get to the bottom of this as you can imagine from the opposition labor party. >> david cameron said he didn't know about this either. thanks so much. >> it's going to be hard to top the intensity of what happened yesterday. the theater of yesterday's phone hacking hearings. two hours after telling parliament it was the most hufble day of his life, rupert murdoch took a pie in the face. a 26-year-old man armed with a pie full of shaving cream nails rupert murdoch from behind saying you greedy billionaire and it didn't take long for murdoch's wife t
. >> the proposal would have budget sate h savings of $500 million. -- $500 billion. also it calls for big changes to medicare and social security. >> i think at the end of the day, what the overwhelming majority of americans are saying, fix this. and if it takes a little compromise from both. >> but the is plan faces a harsh reality. tough procedural obstacles means the proposal won't be ready ahead of the august 2 debt ceiling deadline. and a key block of conservatives is already saying no way. >> we know it's going to hurt job creation. we know it's bad for small businesses. we're not going to go for this type of plan. >> with time running out, harry reid, who is still work on a fall back plan with mitch mcconnell says he's now waiting for a signal from house gop leaders. >> we have a plan to go forward over here, but until we hear from the house of representatives, we really are -- all of our work here would be for not. >> now there is also talk of folding elements of the gang of six plan into this so-called fallback plan being worked out between senators reid and senator mitch mcconnell. but
their arguments outside rather than keeping them inside the room. the president wanted the big deal, john boehner it seemed wanted the big deal, and it's very clear that that is not likely to happen. so at this point the president had his press conference yesterday. he said, you know, i'm the grownup in the room here. we each need to give a little on something. he said, by the way, if we don't agree, guess who will sufficiensufficiener? the american people. >> you mentioned spooking the american people. i saw a poll today and i'm sure the white house saw it as well. in it it showed americans are more worried about raising the debt limit than they are about the government defaulting. could the statement by the president be, i don't know, a calculated effort to warn the country, talking about millions who don't get the checks about the severity of this government default? >> absolutely. i think the president is now starting to say, okay, and we're getting a little into the blame game now. okay, if the government defaults, you're not going to get your social security checks and your veterans benefit
for gridlock. you might be thinking, well, what's the big deal? it's l.a. they are used to gridlock on their highways. but this is different. they are calling it carmageddon, and it's set to begin soon. but first, let me give you a update on where we are with the debt negotiations going on in washington, d.c. at 4:15, that's a little more this an hour from now, the talks are set to resume right there at the white house. now, it was this time yesterday we told you that these talks were getting a bit testy. the two sides, why not be getting testy, are under pressure of an august 2nd deadline to get a deal to raise the debt ceiling or risk a u.s. government default on its bills. well, last evening we are told things became even more testy, extremely heated. we'll get to more on that in just a moment, but first an extremely urgent call within the past half hour from the treasury secretary himself. take a listen. >> the eyes of the country are on us, and the eyes of the world are on us, and we need to make sure we stand together and send a definitive signal that we're going to take the s
. >> announcer: this past year alone there's been a 67% spike in companies embracing the cloud-- big clouds, small ones, public, private, even hybrid. your data and apps must move easily and securely to reach many clouds, not just one. that's why the network that connects, protects, and lets your data move fearlessly through the clouds means more than ever. >>> jack cafferty is here with the cafferty file now. people can watch you stream on a mobile device, an ipad, jack. this is great. >> i have no idea what that means. but i'll trust you. >> it's really good. >> republican congresswoman michele bachmann is a rising star of sorts in a lacklustre to say the least field of gop candidates who hope to challenge president obama next year. bachmann came out on top in three separate polls of likely iowa republican voters last week. go figure. my shael bhaukman's husband marc marcus runs a christian counseling business. former clients say he encourages homosexual patients to try to change their sexual orientation, or at least oppress it. it's called pray away the gay. in an interview, marcus bachm
. she's out on bail right now, but her arrest over the weekend a big surprise. >> reporter: yeah. i mean, she was -- the length that she was detained for was incredible as well. 12 hours she spent -- more than 12 hours in a police station in london answering questions, and she wasle only released around midnight last night local time. so that was a huge development in this. she's out on police bail now, but that doesn't mean she's excused from appearing before a committee of mps tomorrow london time. she's still going to turn up and be careful about what she says, and the politicians are going to have to be careful about what they ask her as well. there could be a trial down the track if she's charged, and therefore they're going to make sure under the rules here that they don't sort of prejudice any forthcoming trial. nevertheless i think she's going to get a pretty tough interrogation at the hands of politicians as will her former bosses rupert and james murdoch who appear now separately from her before the same committee tomorrow afternoon. >> dan, let me ask you to educate us over he
. the reason why this is such a big issue here in egypt, fredricka, is because mubarak is due to stand trial on august 3rd for atrocities allegedly committed during his reign here of almost 30 years in power. and, of course, during the revolution that started on january 25th and that eventually led to him being ousted. so a lot of people are watching very, very closely as to how his health is going. there's been some issues in the past where he felt unwell during interrogations and also apparently his heart stopped a couple of days ago. he had to be resuscitated. this all is very, very big news to egyptians. of course to people around the world. because he's such an important figure, fredricka. >> fred, those legal proceedings are to happen in a matter of weeks. might it be delayed as a result of his health matters? >> reporter: well, that's, of course, the big question. that's, of course, one of the things people who are now protesting here in cairo and the demonstrations have been ramped up over this past week with people refusing to leave once again, putting pressure on the government her
to the men and women watching us on the armed forces network. a big thank you to you as well. >>> we're just hours before tonight's debt reduction talks at the white house. live pictures there this morning. the ambitious hopes for a large-scale deal have been dashed. the apparent sticking point? taxes, here is how house speaker, john boehner, sees it as democrat and republican leader prepare for tonight's showdown. quote, despite good-faith efforts to find common ground, the white house will not pursue debt reductions without tax hikes. i believe the best approach may be to focus on producing smaller cuts, that still meets our call for spending reforms and cuts greater than the amount of the debt limit increase. the white house talking about expectations at those talks. here's what spokesman dan fiver had to say about it. he said we cannot ask the middle class and seniors to bear all the burden of higher costs and budget cuts. we need a balanced approach, he says that asks the very wealthiest and special interests to pay their fair share as well and we believe the american people agree. cnn
election and we don't know who the republican candidate will be but already we have one big group that is throwing its support behind president obama. jim acosta is on that for us out of washington this morning. hey, jim. >> reporter: good morning, kyra. this is not a big surprise. we went a lot of time talking about the republican race for 2012. on the democratic side the president picked up an important endorsement yesterday from the national education association. this is the teachers union as everybody knows. and the vice president gave a pretty important speech yesterday to this union and so, today, the teachers union is throwing its support behind the president. not unexpected, as i mentioned. we got a quote from the president of the nea, dennis van roekel. what is somewhat surprising about all of this is that the nea would come out with this endorsement this soon. the president has sort of occasionally and his administration has occasionally shown tough love toward the teachers around the country and the nea has come out strongly behind the president he saying they are conc
on a big deficit reduction plan that includes massive spending cuts, tax reform and entitlement reform, tax increases. so you can see here the clock is ticking and the end game here still very unclear. >> this thing just keeps on developing and you hear hopefulness and then schedules. you will keep us posted when you hear there's actually some kind of timeline we have to figure out whether we are going to have money to pay our bills on august 3rd or not. >> after two days of explosive hearings in the uk phone hacking scandal, relatives of 9/11 victims in the u.s. are now saying they will be meeting with attorney general eric holder soon. they asked for the meeting one-on-one since the fbi started investigating allegations that "news of the world" hacked the phones of survivors, victims and their families. the meeting has yet yet been set. >>> rupert murdoch is back in the united states. he and his wife returned to their new york home yesterday. there is a lot on rupert murdoch's plate. news corp. is facing an fbi investigation and at least two u.s. based lawsuits filed by shareholders. also
. jeter getting his 3,000th hit yesterday. >> that was a big day for him and the yankees as a whole. yankees shortstop, derek jeter, reached the historic milestone on saturday. and ray d'alessio is joining me. it's a huge day for derek jeter. >> yankee's fans, they love this guy. what does he do? he goes out and gets his 3,000th hit. he hit it by hitting a home run. one of the nicest guys that as a member of the media that you can interview. and even bigger than him getting his 3,000th hit, and you are from jersey, and you now how rich the yankees players are. joe dimaggio, and none of them never reached the 3,000 hits, and derek jeter the first to do so. you have the young fan, and the fan who catches the ball -- >> he didn't have to give it back, did he? >> no, he could have sold this ball, and there was talk this ball could have gone for thousands. a life-long yankee fan. what does he say? jeter worked his rear end off. he got to meet jeter, and the yankees went ahead and gave him tickets to the championship suite for the remainder of the season, and he made out. >> ice cream, ho
's population will be sweltering in a dangerous heat wave today. hot air and high humidity will make big cities along the i-95 corridor feel like a sauna. the national weather service says the heat wave may have contributed to 22 deaths already. >>> and london police are expanding their investigation into the phone hacking scandal. an official says it now involves newspapers beyond rupert murdoch's media empire including "the daily mail" and "daily mirror." the police task force has added 15 investigators, bringing the total working on the hacking scandal to 60. >>> nfl owners are meeting in atlanta today to vote on a tentative labor deal with players. the reported ten-year deal, if finalized, would divvy up the league's $9 billion in annual revenue. players were supposed to vote yesterday but never did, suggesting there's still a few details to work out. nfl fans say, enough already. >> 10% unemployment in the country, right? us poor folks scrap and scraping to get by. come on. it's billionaires against millionaires, right? can you not meet in the middle somewhere? >>> here's your chance to ta
, two big celebrations marking independence day. this is the flag of the now independent nation of south sudan, rising for the first time over the capital city of juba. the country is officially separate today after five decades of on and off civil war with the mostly muslim north. the same flag rising today in washington, d.c. over the new embassy of south sudan. >>> the man who won this year's dancing with the stars, well, he may have waltzed himself right into trouble with the dui ticket in atlanta earlier today. hines ward who is a star receiver for the nfl pittsburgh steelers, posted a $1,000 bond. his mug shot taken of him at the dekalb county jail. >>> royal couple will and kate are in california. they're being greeted by celebrities and local politicians. california's first couple gave the couple an ipad 2 loaded with california themed songs and movies. prince william is set to play polo this afternoon in santa barbara. >>> in washington, d.c., a call for peace from the dalai lama, the tibetan spiritual leader spoke at an event called a talk for world peace, held on the west lawn
connell plan, this backup plan could be left as the last option standing. but the big question is always, wolf, will it pass the house? can it pass the house? and this seems to be another example of just how divided the republican party is on this issue. >> yeah, it's a huge, huge division right now. going forward, this debate, we'll see what happens. kate, thanks very much. let's check in with jack right now. he's got the "cafferty file." >> despite that nasty game of chicken going on in washington over raising the debt ceiling. congressional leaders in both parties pretty much agree that doing it is going to be necessary. the argument is over what else goes into the bill that's tying them up and bringing the country dangerously close to defaulting on some of our loans. according to a new poll, 40% do not want the debt ceiling raised and they want their members of congress to vote against any measures that raise it. only 22% want their lawmakers to vote for raising the debt ceiling. and more than 1/3 of americans say they're just not sure. when asked which is a greater concern, 51% say raisin
is in iowa, home to the iowa caucuses. the first big election event in 2012. cnn's shannon travis is the only reporter to speak with bachmann today, and he asked her why iowa is so important. >> iowa's the first in the nation. it's very important to be here and have a presence here because the values and the opinions that people have in iowa count. they count for the nation. so it's important that we come here. had is the bread basket of the world for a reason. this is where the food is grown, we have the best farmers in the world here in iowa. so it's important to come and listen to what people have to say in iowa and take that message back to washington, d.c. >> michele bachmann has been on a roll recently joining mitt romney in a recent iowa poll. she officially kicked off her campaign in iowa last month. >>> 4th of july celebrations in minnesota have been scaled down for this weekend. state parks, the state zoo, even race tracks are all closed right now. a budget stalemate has shut down almost all of minnesota's state business. closed signs went up early friday after budget talks broke do
aaa ratings. the u.s. is the big safe haven in the world. so why do these credit agencies matter? who listens to them? investors around the world listen to them. they look at the credit rating agencies and the credit rating of companies and countries to decide where they'll invest the money. for governments, they have a lot of power over the interest rates on the bonds that they can sell to investors. the safest bets pay the lowest interest. that and 's what you want if yoa government trying to raise money. agencies are either paid by the borrower or from subscribers who need the information. standard & poor's tells cnn money that the sovereign u.s. rating is unsolicited, that the u.s. government doesn't pay anything for that rating. and that it is an unbiased ass isment of what's p happhappenin the u.s. >>> here's a rundown some of the stories we're covering. wall street employees are canceling vacations with the debt ceiling deadline just six days away. is that a bad omen for your 401(k)? and i talked to a man who developed a rare tumor after working at ground zero for years and he
,000 barrels of oil in the area. one of the big issues we have in this area, you have a wonderful fi fish, a trout that happens to be a surface feeder. when they go up to the higher surface of the water, it interacts with the oil and that can cause a lot of damage. very swift moving river. it will help break up the oil, which will make it much easier to disperse. bad and good news mixed in. back to you. >> reynolds, thank you very much. >> you bet. >>> no holiday if you're running for the white house. paul steinhauser is joining us. >> you're working. i'm working. >> they might as well work. >> it's a good day to do it, too. a lot of parades and events. they're going to all those important early voting states. take a look at the map. michele bachman, newt gingrich, rick santorum, where will they be? iowa. mitt romney and jon huntsman will be marching in the same parade in new hampshire. herman cain will be at philadelphia's hall. no holiday at all, as you said, for the presidential candidates, kyra. >>> speaking of the fourth of july, it seems a lot of americans need to go back to school.
and then this dip now? >> e.d., you talk to some analysts and they say, you know what, we had some really big shocks to the economy, to an economy that's already in trouble. first we had that ripple effect from the earthquake and tsunami in japan. that really hit manufacturers and automakers really hard and stopped production in its tracks. that's one effect and one reason we're seeing such low numbers. another reason, these higher oil prices we've been dealing with. they jacked up gas prices, so consumers pulled back on spending on other discretionary items. now, that doesn't help to give companies any extra confidence to hire when they see that nobody is, let's say, walking into their store to buy things. also these high oil prices cut into company's profit margins because for them it costs more to produce these products and distribute these products. these companies, you know, just overall, they aren't hiring. in the economy itself there is just a lot of uncertainty. if the economy would be on solid footing, then they'll hire but we're just not there. and of course amplifying this whole situation
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